0227 GMT - It's unlikely that Meituan's stocks will rebound soon, Nomura analysts say in a research note. Meituan guided a loss of 23.3 billion-24.3 billion yuan in 2025 due to competition in the local services industry in China as well as investment in overseas markets. That implies a net loss of 15 billion-16 billion yuan in 4Q, slightly worse than market expectations, the analysts say. They attribute the heavier loss to Meituan's expansion in Brazil. Meituan is competing against multiple strong rivals in almost all of its core businesses: Alibaba in quick commerce, ByteDance's Douyin in the in-store business and Didi's food-delivery unit in Brazil, the analysts say. Meituan's shares are last 2.2% lower at HK$80.40.(sherry.qin@wsj.com)

(END) Dow Jones Newswires

February 15, 2026 21:27 ET (02:27 GMT)

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